PARAP 0820
State: NTPosiProp AI Investment Summary
PARAP (NT 0820) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 5.3% and has experienced a 12-month capital growth of Up 17.6%, with a median house buy price of $1,017,500. This combination provides a high-yield positive cashflow potential for investment portfolios in Australia.
Market Yield & Price Indices
–
$875,000
$1,117,500
$1,017,500
Suburb Market Profile
Last month Parap had 22 properties available for rent and 23 properties for sale. Median property prices over the last year range from $1,017,500 for houses to $445,000 for units. If you are looking for an investment property, consider houses in Parap rent out for $900 PW with an annual rental yield of 5.3% and units rent for $650 PW with a rental yield of 7.1%. Parap has seen an annual compound growth rate of 17.6% for houses and 1.1% for units.
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